Bitcoin Forum
April 24, 2018, 06:04:58 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: I think we just started a bubble.  (Read 1443 times)
Harry Hood
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250



View Profile
November 04, 2015, 05:26:15 AM
 #21

There's already been a few corrections within the growth and people keep buying into the weakness. This is telling, it's a test of the support.

This all depends on what time frame you use to look at the price history, but one could say that we're finally recovering from the damage caused by the Mt. Gox collapse. The price was hovering much higher than $400 only 18 months ago...maybe we're just pulling out of the recession?

We've only just peaked beyond what the price was 1 year ago...on November 12, 2014 the price hit $427.

1524549898
Hero Member
*
Offline Offline

Posts: 1524549898

View Profile Personal Message (Offline)

Ignore
1524549898
Reply with quote  #2

1524549898
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1524549898
Hero Member
*
Offline Offline

Posts: 1524549898

View Profile Personal Message (Offline)

Ignore
1524549898
Reply with quote  #2

1524549898
Report to moderator
1524549898
Hero Member
*
Offline Offline

Posts: 1524549898

View Profile Personal Message (Offline)

Ignore
1524549898
Reply with quote  #2

1524549898
Report to moderator
1524549898
Hero Member
*
Offline Offline

Posts: 1524549898

View Profile Personal Message (Offline)

Ignore
1524549898
Reply with quote  #2

1524549898
Report to moderator
zodiac3011
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500



View Profile
November 04, 2015, 05:35:30 AM
 #22

yep I think so too. We are getting too hyped about this bitcoin's price. I expected to see the price steady at 300-320 but it is shocking to find that it jumped to 440 right now. Be careful as this is the real bubble and someone gonna take advantage of this to make some. The price of bitcoin now is in our's hand don't let it out of control
Snorek
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000



View Profile
November 04, 2015, 05:55:47 AM
 #23

Quote
Do not start taking out loans against Bitcoin
Anyone who is doing this is either plain stupid, optimistic to the point of being an idiot or desperate.
Don't ever lend in bitcoin directly, as you can see volatility of btc is so great that you could be forced to repay 50% more than sum your initial loan was!
Possum577
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250

Loose lips sink sigs!


View Profile WWW
November 04, 2015, 05:58:41 AM
 #24

yep I think so too. We are getting too hyped about this bitcoin's price. I expected to see the price steady at 300-320 but it is shocking to find that it jumped to 440 right now. Be careful as this is the real bubble and someone gonna take advantage of this to make some. The price of bitcoin now is in our's hand don't let it out of control

Yes...the price of bitcoin is in our hands. Keep buying the price keeps going up, I...i mean we...need to make some money. Don't sell. I'll tell you when to sell...I'll sell first and then  I'll tell you that I've made my mint, and you should try to do the same.

We all need to relax and just watch for a while. It might pull back, it might not, but nothing about the price takes anything away from the real value of bitcoin.

DiamondCardz
Legendary
*
Offline Offline

Activity: 1078
Merit: 1025

CryptoSamaritan - crypto-related help


View Profile WWW
November 04, 2015, 07:06:41 AM
 #25

Quote
Do not start taking out loans against Bitcoin
Anyone who is doing this is either plain stupid, optimistic to the point of being an idiot or desperate.
Don't ever lend in bitcoin directly, as you can see volatility of btc is so great that you could be forced to repay 50% more than sum your initial loan was!

Trouble is that I see this a lot, suggestions on these forums to start taking out lines of credit and loans simply to "invest" in bitcoin in the hopes that you can make a quick buck off of what is ultimately a bubble. Trying to time the market like that is such an easy way to lose thousands of dollars.

CryptoSamaritan - mental health resource for crypto-related addiction/depression
Share & support - the more people we reach, the more we can help | Bitcointalk thread | Website
NUFCrichard
Legendary
*
Offline Offline

Activity: 1218
Merit: 1002


View Profile
November 04, 2015, 07:42:11 AM
 #26

Quote
Do not start taking out loans against Bitcoin
Anyone who is doing this is either plain stupid, optimistic to the point of being an idiot or desperate.
Don't ever lend in bitcoin directly, as you can see volatility of btc is so great that you could be forced to repay 50% more than sum your initial loan was!

Trouble is that I see this a lot, suggestions on these forums to start taking out lines of credit and loans simply to "invest" in bitcoin in the hopes that you can make a quick buck off of what is ultimately a bubble. Trying to time the market like that is such an easy way to lose thousands of dollars.
As was previously said, those people are idiots.  I don't hope that the price stays low to keep idiots from making idiotic decisions though.

Every bubble has resulted in a higher base the next time around.  People hate it when the price is low and stagnant, but when it rises quickly they complain too!  There have been plenty of flash crashes, a bubble is just the opposite, but with more greed involved.  I have been holding for some time and am happy that I am in paper (electronic) profit now.  If we have a bubble I will probably sell at a high price ($1500+), possibly exchanging for gold.  We will see what happens, but I find it fascinating, it's great to wake up and want to check the price for once!
Anmol_Verma
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
November 04, 2015, 08:08:57 AM
 #27

I agree with OP,the price of bitcoin can fall but not that much.
I guess it will fall 350$ again and then it will rise again to $600 or more.

BETCOIN  Highest BTC Payouts in the World! | Truly a one-stop casino for any player
  
       301% Deposit Bonus • 9.88% Player cashback • Slots [8][8][8] • Casino [♠]] • Sports
knprest
Jr. Member
*
Offline Offline

Activity: 47
Merit: 0


View Profile
November 04, 2015, 09:14:43 AM
 #28

i think the high rising price is dangerous,but i hope it proves wrong.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!